Getting a business loan can be a daunting process if you have a poor credit history, limited cash flow, or even lack of expert advice. If these are preventing you from obtaining a small business loan, click here and learn how you can avoid loan rejections by visiting www.businessnewsdaily.com/6242-small-business-loan-mistakes-to-avoid.html. If nothing else works, trust QuarterSpot to offer you loans at a competitive rate.
Why Choose QuaterSpot?
The reasons are plenty, and there are few of them:
· Poor credit rating
Rather than using the conventional method of evaluating a customer’s credit score, the lending bank will go through the past transactions of the consumer. This is a real-time profit-and-loss statement that will help determine your default risk.
· Zero prepayment fees
You do not have to bear the brunt of paying prepayment fees in case of early payment. Repay the loan if you have sufficient funds at hand without worrying too much about additional costs. Your daily or weekly payments go towards the interest and principal. This actually helps the borrower repay the loan at the earliest.
· Poor credit score
If you have a credit score below the prescribed limit, your loan application will be rejected. This lender has a FICO requirement of 550. One of the biggest advantages is that through a secure login, your past transactions are reviewed and your credit score is evaluated. This is beneficial as it helps the lender assess the strength and reliability of your business.
· Safe and secure
Customer data is protected using 128-bit encryption. All confidential data is hosted in a secured data center to ensure that the highest level of security is available. Do remember that your personal information is safe and out of reach from intruders and hackers.
You can obtain loans starting from $5,000 up to $200,000 for your business. The APR stands at 30 percent to 70 percent, and the loan term is valued at 9,12, or 18 months. If all your documents are in order, and you have a good credit score, your loan amount will be transferred to your bank account in a short span of time.
Applying For The Loan
In order to apply for a personal loan, you need a smartphone or a laptop to access the company website. You can take help from a QuarterSpot specialist to simplify the process. It is recommended that you upload your bank statements for verification.
Once all the requirements are met, you will receive a confirmation email. Go through all the terms and conditions, and once you finish with the digital signature, you will be eligible for the loan. All funds are transferred to your bank account within one business day. This is as simple as click, sign, and go.
In these days of the digital transaction, you do not have to go through the hassles of spending time in long queues or skipping your schedule to apply for the loan. Make sure you have all the necessary documents in the correct order to receive the loan amount.